The pullback of $ETH seems to be continuing, and since the long positions liquidity at 3500 is still increasing, a two-stage ABC pullback can be expected, just enough to reach near 3500 and liquidate short-term long positions.



This pullback is very healthy, and the futures positions that drag down the price's continuous rise often come from high-leverage short-term long positions. Even if this wave of market is driven by spot, excessive profits from futures long positions can also become supply.

Last night on a certain platform
ETH1.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
0xLostKeyvip
· 07-24 05:00
It's normal to clean long positions.
View OriginalReply0
BePatientvip
· 07-23 09:21
Hold on tight, we're about to To da moon 🛫
View OriginalReply0
BePatientvip
· 07-23 09:21
Hold on tight, we're about to To da moon 🛫
View OriginalReply0
wagmi_eventuallyvip
· 07-23 08:31
The long positions trend remains unchanged.
View OriginalReply0
LayerZeroEnjoyervip
· 07-23 08:10
The Long Position is indeed too heavy and dangerous.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)